Question
1) What is the purpose of depreciation? Does the book value of a fixed asset%u2014cost minus accumulated depreciation%u2014communicate to a user what the asset is
1) What is the purpose of depreciation? Does the book value of a fixed asset%u2014cost minus accumulated depreciation%u2014communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not.
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The Mcgraw Hill 36 Hour Course In Finance For Non Financial Managers
Authors: Robert Cooke
2nd Edition
0071425462, 978-0071425469
